CAclubindia Articles

Works Contractors - A cue from SC's decision

CA. C V SURYAM 17 October 2008 at 18:23

Service Tax - Works Contractors - A cue from Supreme Court’s verdict ? It has been a grappling issue under Service Tax since the levy of service tax on works contractors. The concept of sub-contracting is not most uncommon and prevalent in the

What is subprime loan ?

Bharath Kumar 16 October 2008 at 17:15

Q:What is a sub-prime loan?A: In the US, borrowers are rated either as 'prime' - indicating that theyhave a good credit rating based on their track record - or as 'sub-prime',meaning their track record in repaying loans has been below par. Loansgiven

Tips to control cost in organization

CMA Jitendra Singh 15 October 2008 at 17:48

Review the number of internal reports that your company generates and find a way to eliminate them. Better yet, eliminate routine reports entirely: Reports should often show only critical exceptions, not routine information. Consolidate product

Lesson from this financial crisis

Miss Komal Mantri 11 October 2008 at 19:20

Interesting and valuable reading ------------------------------------------------------------------------------------------------------------------------ LATELY, I have been thinking a lot about the Lehman crisis . Spending money that they didn't ha

Audit Committee

Ravikumar.G 11 October 2008 at 11:00

The provision of Sec 292A of the Companies Act, 1956 regarding the constitution and functioning of an audit committee:1. Every public co having paid up capital of not less than 5 crores of rupees shall constitute a committee of the Board known as &qu

Environmental Audit

Ravikumar.G 11 October 2008 at 10:51

Environmental reporting deals with the disclosure by an entity of environmentally related data like environmental risks, impacts, policies, strategies, targets, costs etc to those who have an interest in such information as an aid to enabling / enric

Negotiation Skills

CMA Jitendra Singh 08 October 2008 at 17:41

1.Don't be afraid to ask. Negotiators often fail to raise an issue because they don't think they have a chance of success. Don't be afraid. Not only do good negotiators ask for everything they want, they also make sure they don't end up with somethin

Deemed Dividend over Closely held private companies

CMA Jitendra Singh 08 October 2008 at 16:59

DEEMED DIVIDEND body { font-family:Arial; font-size:12px; }p { font-family:Arial; font-size:12px; }div { font-family:Arial; font-size:12px; } The concept of Deemed Dividend under the Income-tax Act, 1961(the Act) i

Sub-contract

Vasanth Kumar J K 08 October 2008 at 13:41

Back to Back Contract – Case Study Works Contract subject is a maze of complexities. The judgments given by courts contradict in such a manner that the dealer is perplexed. Case: Mr. M is a main contractor. He receives contract from Mr. C (cu

Accounting experts push fair value rules

CA Himanshu Awasthi 06 October 2008 at 13:56

There will be no let-up in the use of fair market values for banks’ holdings, even in illiquid markets, according to international accounting rulemakers.The stance came in a draft paper published on Tuesday by an expert panel convened by the In